President Lee's popularity holds steady amid opposition struggles

South Korean President Lee Jae Myung is currently enjoying strong job performance ratings, with a recent Gallup Korea poll showing his approval at 53%. His administration's recent announcement of three "megaprojects" focused on AI infrastructure buildout also appears to resonate with the public, with 57% believing the ventures will benefit balanced regional development.

However, the administration faces headwinds, particularly concerning its real estate policy. Rising monthly rents, exacerbated by South Korea's unique "key money" system, are becoming a significant burden for many citizens. Simultaneously, the ruling Democratic Party is grappling with internal power struggles, though this has not yet significantly impacted its standing in the polls.

The main opposition People Power Party (PPP) is experiencing a decline in support. After a temporary boost following the Seoul mayoral election, the party's approval rating has slipped to 24%. This downturn is attributed to several factors, including the ongoing "Yoon Suk-yeol effect" – the continued public attention on the former president's trial, which appears to negatively impact the PPP's image.

Furthermore, the PPP is seen as struggling with its own internal dynamics and leadership. The article suggests that the party's current leadership may be "sabotaging its movement," implying a lack of strategic direction or internal cohesion. This contrasts with President Lee's approach, which the article frames as patiently waiting for the opposition to falter, a strategy reminiscent of former President Kim Young-sam's political philosophy.